Pareto improving price regulation when the asset market is incomplete: an example

P.J.J. Herings; H.M. Polemarchakis

doi:10.1111/j.1742-7363.2012.00182.x

Pareto improving price regulation when the asset market is incomplete: an example

P.J.J. Herings^*, H.M. Polemarchakis

^*Corresponding author for this work

Microeconomics & Public Economics

Research output: Contribution to journal › Article › Academic › peer-review

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Abstract

In a robust example of an economy with an incomplete asset market, price regulation, that operates anonymously, on market variables, can be Pareto-improving.

Original language	English
Pages (from-to)	139-147
Number of pages	9
Journal	International Journal of Economic Theory
Volume	8
Issue number	2
DOIs	https://doi.org/10.1111/j.1742-7363.2012.00182.x
Publication status	Published - Jun 2012

Keywords

incomplete asset market
fix-price equilibria
Pareto improvement
D45
D52
D60
IDENTIFICATION

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10.1111/j.1742-7363.2012.00182.x

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Cite this

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